Posted on 03/19/2016 11:06:31 AM PDT by PROCON
The grim reaper is on a shopping binge.
The number of shuttered stores this year is already outpacing last year’s rate — and showing no signs of slowing down.
Last week, Men’s Wearhouse said it will close a whopping 250 stores, while Sports Authority filed for bankruptcy and announced plans to close 140 stores earlier this month.
(Excerpt) Read more at nypost.com ...
Sales have softened at retail over the past several months but not to that extent. It’s online shopping behind this, more than economics.
Thanks, Obama.
Where will all the sales clerks who can’t speak English find new jobs?
I hear Mexican factories are hiring - at $19 a day!
BFLR
Did you get your Hope and Change? Was it lost in the mail or something?
Yup, Amazon and other on-line retailers make it very easy to avoid the mall mobs.
There’s a problem that’s going to arise, though, clothing items in particular need to be touched, felt, tried on before purchase. With so many retailers shuttering stores, it may become difficult to do this and then buy the better price and selection online.
I’m part of that online buyer crowd-in this economy, quite a few of us can’t afford to be helpful to store chains by driving there to buy stuff at higher prices-we have to do what saves gas and cash-the nearest real grocery store is 20 miles away, and it is not part of a big national chain. That said, I’m sorry that chain retailers are closing, but that is what people get when they elect a president who hates the free market-they are to blame, not the rest of us...
I live in a rural area, and the nearest town with a chain store other than a dollar store is 40 miles away-so the last clothing items I actually touched before buying were a package of socks and a couple of T-shirts to wear at work that I got at the dollar store 8 miles away. I know my size, I buy all jeans, dresses, skivvies, etc online-they are left in the box at my gate, they always fit just fine and I save cash.
I haven’t been to a store in the nearest large city in more than 4 years-I need to use my gas to drive to work, not shopping, and I’ll bet there are thousands of people just like me out there-why use gas to go to a crowded store/mall when you can get the item online, save gas and money?...
We buy too much anyway. Second-hand stores are doing fine when the stuff in them still has the tags. Seen it in Good Will and Family Discount.
80% of my clothes come from the SA or GW
Many online retailers like L.L. Bean make returns easy. Once you find the style of shirt or slacks that fit, repeat purchases are a breeze. I wish the local brick and mortar stores were more competitive on price and selection, but they aren’t. My town is down to one traditional men’s clothing store, and the reason has nothing to do with the current economy or Obama. It’s a long-term structural change in retail, like the disappearance of video stores.
Me, too.
Does anyone really believe that the unemployment rate is only 5%?
There is another reason. Many shopping areas are no longer safe places. We avoid the 2 malls in our city, especially on weekends and at night. Too many “teens”.
OK, I give up. What are SA and GW? I know I’ll kick myself when you tell me. :-)
Salvation Army and Goodwill. Second hand stores.
Ah, thanks. I wouldn’t have figured that out. I have OBS (Old Brain Syndrome). ;-)
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